-The U.S. Federal Deposit Insurance Corp. is preparing to put First Republic Bank under receivership imminently, Reuters reports, citing a an unnamed source familiar with the matter.

-The regional bank's position has deteriorated further and there it no more time to pursue a rescue through the private sector, Reuters reports.

Full article at https://shorturl.at/aflJ2

Write to (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 28, 2023 17:36 ET (21:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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